Finance Bill 2020 received Presidents assent. It’s now Finance Act – 2020
Finance Bill 2020 received Presidents assent. It’s now Finance Act – 2020. The final copy of the Act in PDF…
Income Tax
Charitable Trust: New Challenges & Compliances from the financial Year 2020-21 onward: CA Naresh Jakhotia
Charitable Trust: New Challenges & Compliances from the financial Year 2020-21 onwards: CA Naresh Jakhotia Biggest overhaul is there in…
Since ‘actual cost’ has not been defined in the Income Tax Act- it should be construed in accordance with the normal rules of accountancy prevailing in commerce and industry which means that cost would include Interest also.
Here is a one interesting case wherein above observation were made by none other than Supreme Court. Supreme Court of…
Interesting case: Cost of acquisition to the assessee is not merely the amount paid to the vendors but also the cost of the borrowing made by him for the purpose of paying the vendor and obtaining the sale deed
Interesting case: Cost of acquisition to the assessee is not merely the amount paid to the vendors but also the…
Interest on Housing Loan: Possibility of double deduction cannot be overruled
Interest on Housing Loan: Possibility of double deduction cannot be overruled CA Naresh Jakhotia There are often various issues…
POSTPONEMENT OF CHARTERED ACCOUNTANT EXAMINATIONS, MAY 2020
POSTPONEMENT OF CHARTERED ACCOUNTANT EXAMINATIONS, MAY 2020 In continuation to the Important Announcement dated 1st January 2020, it is hereby…
Why not change financial year 2019-20 from 12 months to 21 Months: A new approach for the new emerging India
Why not change financial year 2019-20 from 12 months to 21 Months: A new approach for the new emerging India…
Date extension from 31st March 2020 to 30th June 2020 – What it means? What is missing? What could have been done? – CA Naresh Jakhotia
Date extension from 31st March 2020 to 30th June 2020 – What it means? What is missing? What could have been done?…
Date extension relief granted by the Finance Minister in view of Recent Covid 2019 : Know about it
Date extension relief granted by the Finance Minister in view of Recent Covid 2019 : Know about it There are…
Request to FM for the announcement of the stimulus package for the economy
To The Finance Minister Smt. Nirmala Sitharaman New Delhi Subject: Relief to the Industry & Business Respected Madam, Pursuant to…
Interesting Judgment : Statement recorded during survey u/s 133A are not conclusive piece of evidence by itself for reassessment u/s 148
Income Tax Act, 1961, Section 148 Reassessment—Reason to believe—Statement recorded under section 133A—No other tangible evidence Conclusion: The word “may” used…
Interesting Case : Allowability of Depreciation if Assessee’s business was not going on because of illegal strike by workers
Income Tax Act, 1961, Section 32 Depreciation—Allowability—Assessee’s business was not going on because of illegal strike by workers Conclusion: Where assessee…
Validity of Penalty under section 271(1)(c) towards Concealment or furnishing of inaccurate particulars of dditional income declared in revised return filed after service of section 143(2) notice
Income Tax Act, 1961, Section 271(1)(c) Penalty under section 271(1)(c)—Concealment or furnishing of inaccurate particulars—Additional income declared in revised return…
Finally, All Dates of Tax compliance of 31st March 2020 Extended !!
Finally, All Dates of Tax compliance of 31st March 2020 Extended !! As requested by www.TheTaxTalk.com in its letter to the Honble…
Time Limitation extended in all perspective across the country by Supreme Court
Time Limitation extended in all perspective across the country by Supreme Court high vourt
Know the Changes done in the Finance Bill 2020 as passed by both the house of Parliament
The Finance Bill 2020 has been passed by both the house of Parliament on 23.03.2020. Now, only presidential assent is…
Principal CCIT, Mumbai requested for extension of date of limitation under the Income Tax Act – 1961
Principal CCIT, Mumbai requested for extension of date of limitation under the Income Tax ACT 1961
Making March Meaningful – Tax caution before March Ends
23.03.2020 The Tax Talk Making March Meaningful – Tax caution before March Ends Citizens are taking enough precautionary &…
